China Listed Company Merger And Motivation Theory And Case Analysis

The researching object of this article is "the motive of corporation in M&A" ,whole article is cored by this object. At the theory sector, we shallanalysize the theory of controlling right of corporation to show the motive and characteristic in all periods with analysis of the history of M&A. the motive of M&A includes efficiency motive,strategic motive,utilitarianism motive, policy motive and so on. M&A can be sorted into financial M&A and strategic M&A, the former can allocate the existed society resources only and hardly compond those resources better, while the later can do it better.In the case analysis sector, the case of "XinQiao Investment Corporation M&A ShenFaZhan Bank" is the typical one of financial M&A; while "QingHuaTongFng M&A LuYing Electronic Corporation" belongs to the strategic one. we can verify those conclusions we derived in the theory sector through the concrete financial data and elaborate desprication in those two cases, that is "different motive leads to different outcome in M&A"In all, this article grasps the main clue :the motive of M&A in China.we analysize the cases to show the existed problems in M&A combining with the theory. then, illustrate the importance of M&A to the outcome, on the same time, provide the key to solve those problems mentioned before. At last,I hope the relevant government department can make up appreciated policy to regulate the market of M&A as soon as possible, that means I will have made up the development of M &A in China to some extend.Graduate student name: 苏金飞...